Category Archives: Buying Properties

Everything You Need to Know About Closing Costs

Key Takeaway:

  • Closing costs are a part of every real estate sale
  • There are many variables that determine the price of closing costs
  • Ask your local real estate expert for specifics about closing costs

When you’re buying or selling a home, it’s important to understand what closing costs entail. Closing costs are expenses and fees that need to be reconciled before the sale can be finalized. These costs typically include appraisal fees, survey fees, title costs, credit report fees, loan origination fees, underwriting costs, recording fees, and taxes. However, the specific costs may vary depending on your region and the terms of your contract. As your real estate professionals, we can provide you with a detailed breakdown of what will be included in your closing costs based on your specific situation.

How Much Are Closing Costs?

calculating costs on calculator

The amount you’ll pay in closing costs can vary depending on factors such as the price of the home and the type of loan you’re using. On average, you can expect to pay around 2% to 5% of the purchase price of your new home. However, it’s important to note that there are options for assistance. You may be eligible for homebuyer assistance programs or closing costs and down payment assistance from the U.S. Department of Housing and Urban Development (HUD). These programs can provide grants that do not need to be repaid or loans with manageable repayment plans. We can provide you with information about these programs and help you explore your options.

Who Pays Closing Costs?

handing over a stack of $100

It’s important to note that closing costs are not solely the responsibility of buyers. Sellers may also have their own costs to cover, such as broker’s commissions, outstanding HOA fees, and property taxes. However, these costs can be negotiated, and we can guide you through the process of determining who pays what in the final contract.

Learn More About Closing Costs

handing over keys

As your real estate professionals, we’re here to make the home buying or selling process as smooth as possible. We’re available to answer your questions, provide expert guidance, and ensure that you understand all aspects of the closing costs. If you’re ready to buy or sell a home, or if you have any questions about closing costs, please don’t hesitate to reach out to us. We’re here to help you achieve your real estate goals!

208 Washington St, Lake of the Woods, Virginia 22508 SOLD! by Licata Group EXP Realty LLC

Welcome to this charming colonial home, nestled in a picturesque neighborhood, boasting main-level living with five bedrooms and two baths. As you step into the home, you’re greeted by a warm and inviting atmosphere. The main level features a spacious and functional floor plan, with a bedroom conveniently located near the laundry room and full bathroom. This bedroom can serve as a private retreat, perfect for multi-generational living, or can be utilized as versatile flex space, such as a home office, playroom, or additional living area. The heart of the home is the living area, featuring a cozy fireplace and large windows that bathe the space in natural light. The well-appointed kitchen makes it a perfect spot for family gatherings and entertaining. As you venture to the second floor, you’ll find four additional bedrooms, providing plenty of room for family and guests. The bedrooms are bright and spacious, offering comfort and privacy. The shared bathroom is conveniently located to serve all the bedrooms, making it functional and practical for daily living. One of the standout features of this home is the location! A short walk takes you to lake access at a marina, where you can enjoy picturesque views and fishing. Cornwallis Beach, is also within walking distance, offering endless opportunities for relaxation and fun by the water. Whether you’re looking for a multi-generational home, a place with options for flexible living spaces, or a serene location near the marina and beach, this colonial home is a must-see. Don’t miss the opportunity to make this house your dream home!

Located in a private, gated, secured community, Lake of the Woods offers anything and everything you could possibly want. Home to two lakes (the 550-acre main lake and a 35-acre “fishing lake”), a golf course, an equestrian center, a fire and rescue department, and a church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, water skiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your own deck or yard, or from one of the beaches, you won’t be disappointed! Perhaps you’d like a game of bridge or volunteer your time and talents…Lake of the Woods offers more than 60 clubs and/or organizations from which you may choose to become involved. Located in Orange County, we are fortunate to enjoy low real estate taxes. Coupled with home prices ranging from $200,000+ to over $2,000,000, Lake of the Woods is the perfect community for both full-time residents, as well as weekenders. But don’t take my word for it, please come see for yourself!

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.

To see available Lake of the Woods properties, please visit our site.

104 eagle ct, locust grove virginia 22508

104 Eagle Ct, Lake of the Woods, Virginia 22508 SOLD! by Licata Group EXP Realty LLC

Welcome to this charming Dutch colonial home nestled in a serene setting, offering a warm and inviting atmosphere for you and your family. Step inside and be captivated by the beautiful hardwood floors that flow seamlessly throughout the main level, adding a touch of elegance and timeless appeal. The heart of this home is the gorgeous eat-in kitchen, complete with granite countertops, stainless steel appliances, and a six-burner gas stove, making it a chef’s dream. The spacious living room is perfect for gatherings and boasts a formal dining room for special occasions, creating a perfect setting for entertaining guests. One of the main level highlights is the ensuite, providing ultimate convenience and privacy. The sunroom offers breathtaking views of the 9th hole of the PGA Pro golf course, allowing you to relax and soak in the serene scenery from the comfort of your home. As you make your way to the upper level, you’ll find the primary bedroom and three additional generously sized rooms, providing ample space for everyone. The hall bath offers additional convenience and functionality for the family. This Dutch colonial home offers the perfect blend of modern amenities and classic charm, with hardwood floors, a country eat-in kitchen, storage galore, and stunning views of the golf course. Don’t miss the opportunity to make this your dream home!

Located in a private, gated, secured community, Lake of the Woods offers anything and everything you could possibly want. Home to two lakes (the 550-acre main lake and a 35-acre “fishing lake”), a golf course, an equestrian center, a fire and rescue department, and a church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, water skiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your own deck or yard, or from one of the beaches, you won’t be disappointed! Perhaps you’d like a game of bridge or volunteer your time and talents…Lake of the Woods offers more than 60 clubs and/or organizations from which you may choose to become involved. Located in Orange County, we are fortunate to enjoy low real estate taxes. Coupled with home prices ranging from $200,000+ to over $2,000,000, Lake of the Woods is the perfect community for both full-time residents, as well as weekenders. But don’t take my word for it, please come see for yourself! I will gladly give you a tour of Lake of the Woods by boat and by car so that you may experience what’s to love in Lake of the Woods!

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.

To see available Lake of the Woods properties, please visit our site.

713 gold valley rd, locust grove va 22508

713 Gold Valley Rd, Lake of the Woods Virginia 22508 SOLD! by Licata Group EXP Realty LLC

This magnificent three-bedroom, two-and-a-half-bath, golf course home is a true masterpiece, featuring a gourmet kitchen and expansive windows across the back of the house, allowing you to bask in the beauty of the outdoors while enjoying the comfort of being inside. The main level offers spacious living with a primary en-suite bedroom, catering to those who prefer main-level living. The living room boasts built-ins, and a gorgeous stone fireplace, enhancing the charm and appeal of this exceptional home. On the lower level, you’ll discover two more bedrooms and a full bath, in addition to a massive family room, ensuring ample space for family and guests. The walk-out basement leads to a delightful sitting area, providing an ideal setting for entertaining and enjoying the tranquil surroundings. The all-brick fireplace features a wood stove and creates a cozy ambiance on chilly evenings, while the screened porch is the perfect spot for sipping your morning coffee. The deck offers breathtaking views of the golf course, making it a fantastic spot for relaxation and entertainment. Situated in a community filled with amenities, you’ll have access to all you need for an active and social lifestyle, including pools, tennis courts, walking trails, and more. Golf enthusiasts will adore this home, with the golf course (7th tee) just steps from the back door. This home is a rare gem, offering the perfect blend of luxury, convenience, and natural beauty. Don’t miss the opportunity to make it yours!

Located in Lake of the Woods, a private, gated, secured community, Lake of the Woods offers anything and everything you could possibly want. Home to two lakes (the 550-acre main lake and a 35-acre “fishing lake”), a golf course, an equestrian center, a fire and rescue department, and a church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, water skiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your own deck or yard, or from one of the beaches, you won’t be disappointed! Perhaps you’d like a game of bridge or volunteer your time and talents…Lake of the Woods offers more than 60 clubs and/or organizations from which you may choose to become involved. Located in Orange County, we are fortunate to enjoy low real estate taxes. Coupled with home prices ranging from $200,000+ to over $2,000,000, Lake of the Woods is the perfect community for both full-time residents, as well as weekenders. But don’t take my word for it, please come see for yourself! I will gladly give you a tour of Lake of the Woods by boat and by car so that you may experience what’s to love in Lake of the Woods!

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.

To see available Lake of the Woods properties, please visit our site.

35400 gosling lane, locust grove virginia 22508

35400 Gosling Ln, Locust Grove, Virginia 22508 SOLD!! by Licata Group Real Estate LLC

Welcome to 35400 Gosling Lane, located in the serene Wilderness Shores community. This immaculate 2005 residence boasts an abundance of natural light and modern amenities typical of a new construction home, offering an expansive 3-level floor plan with 4 bedrooms and 3 bathrooms – perfect for families. The capacious family room, dining area, and kitchen provide a comfortable space for gatherings, with ample counter space and a large kitchen island ideal for culinary enthusiasts and their entourage. The generously proportioned bedrooms on the upper level offer a tranquil sanctuary, while the spacious primary suite provides the desired privacy and exclusivity. The landscaped yard, complete with a deck, provides a picturesque setting to enjoy the upcoming summer season. The expansive basement, which is yet to be developed, offers endless possibilities, including a roughed-in full ensuite bathroom and a full egress window that allows for the addition of a legal fifth bedroom and abundant storage space. By purchasing this home, you can avoid the wait times and distractions that come with new construction projects, and move in to enjoy the benefits of an already-established and well-maintained property. We invite you to schedule a viewing and make this exceptional residence your own.

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.

To see available Lake of the Woods properties, please visit our site.

1132 Virginia Ave, Culpeper Virginia 22701

1132 Virginia Ave, Culpeper Virginia 22701 SOLD! by Licata Group EXP Realty LLC!

Step into your dream home! This stunning 3-level colonial features four spacious bedrooms, with the potential for an additional two not-to-code lower-level bedrooms, making it ideal for a growing family or entertaining guests. With 3.5 baths, there is plenty of space for everyone to get ready in the morning without feeling cramped. The heart of the home is the gorgeous kitchen, featuring stainless steel appliances and upgraded granite countertops, perfect for whipping up delicious meals and hosting dinner parties. Crown molding, chair rail, and wainscoting embellish most of the main-level and upper-level bedrooms, adding an extra level of elegance. The 9-foot ceilings create an open and airy atmosphere, while the marble-like flooring throughout the main level exudes an added touch of luxury and sophistication. Step out onto the screen porch and enjoy the beautiful outdoors, or utilize the 2-car garage for ample storage space. For added peace of mind, the home is pre-wired for a generator hook-up, ensuring that you’ll never be left in the dark during a power outage. This home offers the perfect blend of comfort, luxury, and practicality. Don’t miss your chance to make this stunning home yours!

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.

To see available Lake of the Woods properties, please visit our site.

14473 baltimore, orange virginia

14473 Baltimore Dr., Orange, Virginia, 22960 SOLD! by Licata Group EXP Realty LLC

Prepare to be wowed by this stunning 3202 square foot home boasting 5 bedrooms and 3 baths, perfect for those who demand nothing but the best. As you step inside, you’ll be greeted by gleaming hardwood floors throughout most of the main level, creating a warm and welcoming ambiance. The living room with cathedral ceilings flows seamlessly into the dining room, creating an open and airy feel. The dining room leads you to the spacious kitchen with a skylight that floods the room with natural light. A large pantry and expansive laundry room complete the main level, making household tasks a breeze. Down the hall, you’ll find the primary bedroom and bath along with two sizable bedrooms and another full bath. Downstairs, the open rec room is perfect for entertaining with a wet bar and built-in shelving. Additionally, you’ll find a 3rd full bath and two spacious bedrooms with walk-in closets, providing ample space for family and guests. Bedroom #5 leads to a private patio, the ideal spot to relax and unwind. From the sunroom, step outside to the back deck and yard, complete with a saltwater pool and hot tub, creating the perfect oasis for entertaining friends and family. Parking is never an issue with the 2-car garage and ample driveway parking. And if that’s not enough, this home also comes equipped with a 50 amp RV hookup and a propane hookup for your grill, as well as a shed with electricity and a partially fenced yard. This home truly has it all, providing the ultimate in luxury and comfort. This gorgeous home situated on 2.6 acres is one not to miss! Just a quick drive to the town of Orange and is conveniently located in close proximity to Fredericksburg and Charlottesville.

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.

To see available Lake of the Woods properties, please visit our site.

220 Fairfax Ln, Lake of the Woods, Virginia 22508 SOLD! by Licata Group EXP Realty LLC!

Welcome to your dream home! This stunning house boasts 3 spacious bedrooms and 2 bathrooms, with a loft area that can be used as a fourth bedroom, perfect for guests or a home office. With a total of 2772 sq ft, this home provides plenty of space for you and your family to spread out and enjoy. As you step into the home, you’ll be greeted by a massive living room that’s perfect for entertaining guests or relaxing with family. The kitchen features a pantry and an eat-in kitchen with 2 breakfast bars, and a gas cooktop, making it easy to whip up delicious meals. There’s also a formal dining room for those special occasions when you want to enjoy a sit-down dinner. The primary bathroom is a luxurious oasis, complete with double vanity and a stunning tile stand-up shower. And with three spacious bedrooms, everyone in your family can enjoy their own private space. But that’s not all! This home also includes a 3-car garage, ensuring that you’ll have plenty of space for all of your vehicles and storage needs. And outside, you’ll find a sizeable back deck that’s perfect for hosting barbecues or just relaxing in the sunshine. Don’t miss your chance to own this incredible home – schedule a showing today and get ready to fall in love!

Home to two lakes (the 550-acre main lake and a 35-acre “fishing lake”), a golf course, an equestrian center, a fire and rescue department, and a church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, water skiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your own deck or yard, or from one of the beaches, you won’t be disappointed! Perhaps you’d like a game of bridge or volunteer your time and talents…Lake of the Woods offers more than 60 clubs and/or organizations from which you may choose to become involved. Located in Orange County, we are fortunate to enjoy low real estate taxes. Coupled with home prices ranging from $200,000+ to over $2,000,000, Lake of the Woods is the perfect community for both full-time residents, as well as weekenders. But don’t take my word for it, please come see for yourself! I will gladly give you a tour of Lake of the Woods by boat and by car so that you may experience what’s to love in Lake of the Woods!

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.

To see available Lake of the Woods properties, please visit our site.

1117 Lakeview Pkwy, Lake of the Woods Virginia 22508 SOLD! by Licata Group EXP Realty LLC!

Wow!!! What a perfect place to call home (or as a short-term rental investment)! This home exudes character with its huge screened porch for relaxation and stunningly unique accent walls strategically placed throughout! The light-filled expansive living room is incredibly comfortable, while the gourmet kitchen and open pantry (both with gorgeous soapstone countertops) will wow you! The primary bedroom provides coziness on those chilly nights from a propane stove, and the updated attached bath is sure to please. The second bedroom even has a wet bar! The third bedroom is also perfect as an office and is currently being used as one. There’s more! Wait ’til you see the large garage and huge shed with electricity! This spectacular home is located in a private, gated, secured community, Lake of the Woods, that offers anything and everything you could possibly want.

Home to two lakes (the 550-acre main lake and a 35-acre “fishing lake”), a golf course, an equestrian center, a fire and rescue department, and a church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, water skiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your own deck or yard, or from one of the beaches, you won’t be disappointed! Perhaps you’d like a game of bridge or volunteer your time and talents…Lake of the Woods offers more than 60 clubs and/or organizations from which you may choose to become involved. Located in Orange County, we are fortunate to enjoy low real estate taxes. Coupled with home prices ranging from $200,000+ to over $2,000,000, Lake of the Woods is the perfect community for both full-time residents, as well as weekenders. But don’t take my word for it, please come see for yourself! I will gladly give you a tour of Lake of the Woods by boat and by car so that you may experience what’s to love in Lake of the Woods!

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.

To see available Lake of the Woods properties, please visit our site.

1303 Confederate Dr, Lake of the Woods Virginia 22508 SOLD by Licata Group EXP Realty LLC

Your dream home is here! This stunning 3-bedroom, 2-bathroom rambler built in 2020 offers an impressive 1605 square feet of living space. The open floor plan creates a welcoming environment, perfect for entertaining and spending quality time with loved ones. Privacy is a priority in this home as two spacious bedrooms and a full bath are separate from the primary suite, providing an added layer of seclusion. Relax on lazy afternoons on the covered porch or retreat to the luxurious primary suite, complete with a large walk-in closet and en-suite bathroom featuring a double vanity and a large walk-in shower. This home boasts modern features and exceptional attention to detail, sure to impress any homeowner. The two-car garage provides ample space for parking with other uses and is an essential feature for families that need extra storage space or for those who want to pursue a hobby without disturbing the rest of the family. Come see for yourself and make this spectacular creation your forever home! This spectacular home is located in a private, gated, secured community, Lake of the Woods, that offers anything and everything you could possibly want.

Home to two lakes (the 550-acre main lake and a 35-acre “fishing lake”), a golf course, an equestrian center, a fire and rescue department, and a church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, water skiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your own deck or yard, or from one of the beaches, you won’t be disappointed! Perhaps you’d like a game of bridge or volunteer your time and talents…Lake of the Woods offers more than 60 clubs and/or organizations from which you may choose to become involved. Located in Orange County, we are fortunate to enjoy low real estate taxes. Coupled with home prices ranging from $200,000+ to over $2,000,000, Lake of the Woods is the perfect community for both full-time residents, as well as weekenders. But don’t take my word for it, please come see for yourself! I will gladly give you a tour of Lake of the Woods by boat and by car so that you may experience what’s to love in Lake of the Woods.

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.

To see available Lake of the Woods properties, please visit our site.